NuScale Power (SMR 5.67%) has taken its investors on a wild ride since its public debut. The producer of small modular reactors (SMRs) went public by merging with a special purpose acquisition company (SPAC) on May 3, 2022, and its stock started trading at $10.70 per share.
NuScale Power (SMR -7.12%) is at the exciting forefront of the nuclear power industry. The entire sector is seeing a resurgence of interest as power demand continues to grow and the need for "base load power supply" (a minimum level of electricity consistently needed on a power grid) increases.
Why NuScale Power Stock Jumped 28% to an All-Time High This Week
Why NuScale Power Stock Jumped to a 52-Week High Today
Why NuScale Power Stock Popped and Then Dropped Today
The nuclear stock rose following its earnings report.
The red-hot nuclear energy stock has made investors filthy rich this year, but how far can it go?
NuScale Power Corporation (NYSE:SMR ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Scott Kozak – Director-Investor Relations John Hopkins – President and Chief Executive Officer Ramsey Hamady – Chief Financial Officer Clayton Scott – Chief Commercial Officer Conference Call Participants Eric Stine – Craig-Hallum Marc Bianchi – TD Cowen Leanne Hayden – Canaccord Genuity Max Hopkins – CLSA Ryan Pfingst – B. Riley Securities Operator Good afternoon and welcome to NuScale's Third Quarter 2024 Earnings Results Conference Call.
NuScale Power is a story stock. If you don't believe the story, you probably shouldn't own it.
NuScale Power has rocketed skyward thanks to renewed interest in nuclear power. But is it a buy near all-time highs?
I am optimistic about NuScale Power due to its debt-free status and commercialization of its advanced SMR VOYGR technology. NuScale's strategic partnerships, such as the coal plant site in Romania, position it to capitalize on the shift to clean energy. Despite short-term financial losses, NuScale's zero debt, strong balance sheet, and government support for HALEU fuel indicate long-term growth potential.